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🚨🚨🚨BÜYÜK KIRMA: Rusya 🇷🇺 jeopolitik gerilimler artarken Bitcoin💰'nin tamamen yasaklanmasına hazırlanıyor. “Dijital rublelere izin verilecek. Yasaklanma ihtiyacı, #Bitcoin'in ülkede rublenin yerini alan bir para birimi olmasından kaynaklanıyor” - Aksakov, Finansal Piyasalar Başkanı. #CryptoNews #bitcoin #Russia

🚨🚨🚨BÜYÜK KIRMA:

Rusya 🇷🇺 jeopolitik gerilimler artarken Bitcoin💰'nin tamamen yasaklanmasına hazırlanıyor.

“Dijital rublelere izin verilecek. Yasaklanma ihtiyacı, #Bitcoin'in ülkede rublenin yerini alan bir para birimi olmasından kaynaklanıyor” - Aksakov, Finansal Piyasalar Başkanı.

#CryptoNews #bitcoin #Russia

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Binance, the leading cryptocurrency exchange, has completed its 27th quarterly token burn, a crucial step in its mission to reduce the total supply of its native token, BNB. 🔥 The latest burn removed 2,141,487.27 BNB tokens from circulation, valued at approximately $636 million USD. 💰 Executed through the BNB Chain's Auto-Burn mechanism, the process is auditable and objective, adjusting the burn amount based on token price and blocks generated on the BNB Smart Chain (BSC) during the quarter. 🔄 The ultimate goal is to decrease the total supply of BNB to 100 million tokens, with the current supply at 149,532,856 BNB. Binance is halfway to its target, aiming to remove 100 million tokens from circulation. 🎯 The impact on BNB's price has been notable, with the coin exhibiting a neutral trend before surging approximately 110% amid market volatility. 📈 Currently trading between $506.5 and $635, BNB has seen positive gains over the past week (11.43%), month (10.12%), and Year-to-Date (YTD) (94.58%). 📈 Technical indicators, such as the MACD, suggest increased buying pressure and a bullish outlook for the BNB price. 📊 If bullish momentum persists, BNB could test resistance at $635 and aim for its previous ATH of $690.9. 🚀 Conversely, a trend reversal may see BNB test support levels at $569.5 and $506.5. 📉 In summary, Binance's commitment to reducing BNB's total supply through quarterly burns is closely monitored by the crypto community for its impact on the token's scarcity and value. 🔍 #BNB⁩ #bnbburn
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Forbes recently stirred controversy with a report unveiling 20 “crypto billion-dollar zombies,” Layer 1 (L1) tokens deemed to have substantial valuations but “limited utility beyond speculative trading.” 🧟‍♂️ Among the highlighted cryptocurrencies and projects are Ripple, XRP, Ethereum Classic (ETC), Tezos (XTZ), Algorand (ALGO), and Cardano (ADA), among others. 📉 Ripple Labs, the entity behind XRP, was singled out as a prominent crypto zombie, with Forbes asserting that despite XRP’s daily trading volume of around $2 billion, the token’s primary purpose remains speculative, lacking meaningful utility. 💸 Ethereum Classic, touted as the original Ethereum chain, also fell under scrutiny, with its market value of $4.6 billion raising questions about its viability due to its meager fee generation. 🤔 Tezos, despite raising $230 million in its ICO, faces similar challenges, with its XTZ token holding a $1.2 billion market capitalization but earning minimal blockchain transaction fees. 📉 Algorand, once considered an “Ethereum killer” for its transaction processing capabilities, earned only $63,000 in blockchain transaction fees in 2023, despite its $2 billion market cap and $500 million treasury holding. 🪦 Forbes categorizes these zombie blockchains into spin-offs and direct competitors to established chains like Bitcoin and Ethereum, highlighting the growing disparity between their valuations and actual usage. 📊 Overall, the report underscores concerns about the overvaluation of certain projects in the cryptocurrency industry, dubbing them “zombies” due to their limited utility and usage despite their billion-dollar valuations. 🧟‍♂️ #AltSeasonComing #AltcoinStrategies
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Shiba Inu is currently hovering around its 50-day exponential moving average (EMA) at $0.00002486, trading at $0.00002470 amidst market uncertainties. Despite a 19.68% decline this month, optimism persists among market observers. 📉 Price forecasts to ambitious levels endure despite SHIB's current downtrend, fueled by its impressive 144.75% surge last month, holding steady above $0.000030. 📈 A recent report highlighted timelines projecting Shiba Inu to reach $0.0002, $0.002, and $0.02. According to Changelly analysts, SHIB could hit $0.02 by December 2040, setting the stage for substantial gains. 💰 For investors eyeing profit margins, strategic planning is crucial. Achieving a $50,000 gain would require holding 2.5 million SHIB, equating to an initial investment of approximately $61 at current prices. 🤑 To double that return to $100,000, investors would need 5 million SHIB, totaling around $123. And for a $250,000 profit, a significant investment of about 12.5 million SHIB, worth $308 at prevailing rates, would be necessary. 💼 Shiba Inu's remarkable 884,400% rally from January to October 2021, following the Bitcoin halving, saw it reach $0.00008845. If history repeats and it reaches $0.19 after the latest halving, investment dynamics shift. 🔄 In this scenario, achieving a $50,000 profit would only require 263,157 SHIB, an initial investment of roughly $6.5. Doubling that for a $100,000 return would mean holding 526,315 SHIB, requiring an investment of around $13. Finally, hitting the $250,000 mark would demand a substantial 1,282,051,282 SHIB, amounting to roughly $250,000. 💼 It's essential to recognize that these targets are ambitious, and SHIB may never reach them. Therefore, investors should adapt their strategies cautiously, keeping in mind the inherent risks. These projections are for informational purposes only and should not be construed as investment advice. 🚀 #SHİB #Shibalnu #SHIBARMYSTRONG.
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The escalating tension between the U.S. and China has plunged into a financial conflict of epic proportions, teetering on the brink of catastrophe. Secretary of the Treasury Janet Yellen's plea for China to purchase $400 billion in U.S. debt went unanswered, sparking a series of retaliations that are rattling global stability. 💥 With the U.S. opting not to lower interest rates, directly targeting China's economic vitality, pressure mounts on China's stock market, constraining its global financial maneuverability. Efforts by Secretary of State Antony Blinken to coerce Beijing into cutting ties with Russia have fizzled, prompting a reassessment of U.S. strategies towards both economic and diplomatic fronts with China. 🇺🇸🇨🇳 Meanwhile, the U.S. is flooding the market with dollars, risking a staggering $54 trillion national debt by 2034 if current military and economic tactics persist. This relentless currency production threatens to destabilize the global market's capacity to absorb U.S. dollars, potentially leading to a financial implosion. 💸 As the U.S. flirts with the notion of instigating a global conflict to erase its debt, China strives to promote private firms and innovation, only to face hurdles as capital continues to flow into the U.S. The specter of drastic measures like severing Chinese banks from the international financial system looms, echoing the Huawei sanctions. 🛑 This financial battleground mirrors the Huawei debacle, signaling possible retaliation from China against the U.S. economy. Moreover, the U.S.'s weaponization of the dollar could expedite global de-dollarization, as nations seek refuge from U.S. economic volatility. 💣 Backed into a corner, everyday Americans could bear the brunt of economic turmoil akin to fentanyl withdrawal, while the wealthiest remain shielded. Dialogue between China and the U.S. is essential, with President Xi Jinnping emphasizing mutual understanding for improved relations. Yet, tensions persist, fueled by accusations and shadows of trade wars and espionage. 🤝 #HKETF #CryptoNews🚀🔥 #China #usa
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It's indeed a tough time for the crypto community as former Binance CEO Changpeng Zhao is sentenced to four months in prison. Judge Richard Jones delivered the verdict after considering the prosecution's push for a three-year term due to regulatory compliance issues during Zhao's tenure. 😔 However, the defense argued for probation, citing Zhao's lack of direct involvement in illicit activities. In court, Judge Jones acknowledged the absence of direct evidence linking Zhao to specific illegal acts, resulting in a reduced sentence. Despite this setback, Zhao's commitment to education through initiatives like Giggle Academy showcases his dedication to the crypto world's growth and development. 🌱 It's understandable to feel the absence of such a prominent figure during these four months, but let's hope for the best for CZ and the crypto community during this time. 🙏 Love You @CZ ❤️ #FreeCZ
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